Healthcare firm Concentra decides to keep its Addison office

A healthcare company that considered moving its Addison office has decided to stay put.

Concentra - a subsidiary of Humana Inc. - looked at alternative locations for its large office in the Spectrum Center complex at Belt Line Road and the Dallas North Tollway.

But after shopping the market, the company decided to sign a new 115,000-square-foot, 15-year lease, according to CBRE Group.

"The Far North Dallas submarket rental rates are rising quickly, while vacancy is diminishing," CBRE's John Woolsey says. "As other large blocks of space in the market were being leased, Concentra felt it was necessary to lock in their terms before rents rose any further."

Woolsey along with CBRE's Warren Willey, Jordan Buis and Searcy Ferguson negotiated the lease with Granite Properties' Robert Jimenez and Mark Harrison.

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